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South Point poker, as you might recall, was the first company to receive official approval from the NGC to conduct online poker operations. According to South Point and casino officials, the site is ready to launch the moment Nevada gaming regulators issue their final approval.
Southpointpoker.com was a free-to-play poker site that operated for several months before being shut down. Now, the company is poised to relaunch the domain into the country’s very first totally legal online gambling game. If you head over to the site you get a terse little teaser: “Real Money. Legal. Coming Soon.”
“There’s a lot of meticulous details we have had to go through with a fine toothed comb,” said Chief Operating Officer Lawrence Vaughn. “It’s nerve-wracking because it’s a lot of pressure. But I think we have a pretty unique contribution and an interesting perspective to give the people with this product and I think they’re going to like it.”
Remember, South Point still hasn’t filled all their positions. Interested in applying for a job in this huge new growth industry? Why not browse South Point’s list of open positions?
The California Online Poker Association today announced its decision to disband, “based upon insufficient progress within the Legislature toward the passage of an online poker bill,” according to the group’s spokesman Ryan Hightower.
The Association was comprised of a variety of tribes and card rooms and was formed two years ago to lobby for legal internet poker in California.
Several bills over the last three years have been proposed, all dealing with the taxation and regulation of online gambling in California, but each one fell apart after gambling personalities bickered over who would profit the most.
According to the Sacramento Bee,
The group was one of the state’s biggest spenders on lobbying during the first half of 2012, outspending many lobbying powerhouses including Chevron and the California Teachers Association. COPA spent more than $1.2 million on lobbying in first six months of 2012, making it the tenth biggest spender during that period.
Well, a major California lobbying interest has gone down. So long as we still have national lobbyists campaigning for taxation and regulation, I think we’ll be ok.
Nevada Governor Brian Sandoval is offering his full support to the Reid-Kyl Online Poker bill currently proposed in Congress. While it may sound particularly obvious to hear of the governor of the gambling-friendly state of Nevada endorsing such a bill, keep in mind that Brian Sandoval is a Republican. His support of the bill is in opposition to the general stance of the GOP, which would likely favor a total ban on all online gambling operations and a repeal of the DOJ’s interpretation of the Federal Wire Act.
“While many states have long-standing proficiency in regulating brick-and-mortar gaming within their boundaries, the advent of Internet gaming has introduced a borderless element that state regulation alone cannot address,” Sandoval wrote.
“As governor of a state that jealously guards its primacy in the regulation of gaming, I am pleased the proposal maintains state authority to regulate online poker operators built upon a basic federal foundation of common-sense regulatory principles.”
This kind of legislation is being hailed by some politicians as a job-creating opportunity and a chance to generate much-needed revenue for the federal government. Regulate it. Tax it. Be done with it.